5 hours ago, nauseus said:

 

I don't have any inside track or influence with the GOP. But simply giving the US oil industry the freedom to operate that it had 2-3 years ago, with guarantees of no restrictions in the near/mid term, should fix it.

Please identify what operational freedom has been denied the oil companies since Biden took office.

3 hours ago, candide said:

The hearings never fail to deliver!

"Trump spent most of the January 6 attack watching TV in the White House dining room, according to new video from House committee" ????

https://www.businessinsider.com/trump-watching-tv-during-jan6-white-house-dining-room-video-2022-7

This is going to be good! ????

 

Quote from the article

"All I know about that day was that he was in the dining room, gleefully watching on his TV as he often did, 'look at all of the people fighting for me,' hitting rewind, watching it again" ????

On 6/30/2022 at 10:47 PM, Bluespunk said:

Oh I am so loving the reports of this panel.

Even more enjoyable is imagining the rage and ranting tantrums of trump.

 

If only you had accepted your landslide loss and allowed a peaceful transition of power eh…

Would be even more enjoyable to see footage of the clown throwing his dinner at the wall. 

38 minutes ago, heybruce said:

The "fix" for inflation is an economic slowdown, which can be brought about by higher interest rates and/or increased taxes.  Interest rates are already higher.  Are you advocating for tax increases?

 

Or perhaps you want to try the Republican's last attempt at fixing inflation; President Nixon's Wage and Price freeze, a.k.a Republican Socialism.

You can see I was talking about the problem - not the solution. 

8 minutes ago, scorecard said:

Would be even more enjoyable to see footage of the clown throwing his dinner at the wall. 

Oh, that would be compulsive viewing.
 

I can just imagine a vein throbbing in his forehead as he turned bright red, yelling like a spoilt child that can’t get it’s own way. 

49 minutes ago, heybruce said:

If high oil prices cause inflation, then why was inflation low in 2011 and 2012 when oil prices were comparable to now?  https://www.thebalance.com/oil-price-history-3306200

 

Also, nothing the Biden administration is doing is preventing oil companies from increasing production now.  What's even more informative is that today's high prices also aren't tempting these companies into increasing production.  That's because any production increase will take billions in investment and take months if not years to show any results. 

 

As I've posted before, the oil companies know that today's high prices may prove to be oil's last great moment before declining into irrelevance in the energy market.  For that reason they aren't going to make big investments that can result in stranded assets. 

 

Nothing short of heavy handed government interference in the market will change that.  Do you advocate such a socialist approach?

1/ QE with low interest rates.

 

2/ Biden 'green' policies, pipeline cancellation, stops on new drilling in federal properties, reviews of O&G leasing and suspension and delays of same have all deterred producers from investing in new oil and risk. Yes, agree that will take time to ramp up .... if it happens.

 

3/ Your forecast may be correct but that doesn't address the problem now.

 

4/ It doesn't matter what I advocate.

55 minutes ago, nauseus said:

You can see I was talking about the problem - not the solution. 

And you ended by claiming that Biden was doing nothing to fix the problem.

3 minutes ago, heybruce said:

And you ended by claiming that Biden was doing nothing to fix the problem.

So?

 

19 minutes ago, nauseus said:

1/ QE with low interest rates.

 

2/ Biden 'green' policies, pipeline cancellation, stops on new drilling in federal properties, reviews of O&G leasing and suspension and delays of same have all deterred producers from investing in new oil and risk. Yes, agree that will take time to ramp up .... if it happens.

 

3/ Your forecast may be correct but that doesn't address the problem now.

 

4/ It doesn't matter what I advocate.

1.  QE and low interest rates affected the economy at large, not just oil prices.  Now that the economy has reached a state in which supply exceeds demand, causing inflation, QE is being withdrawn and interest rates increased, which is the correct response. 

 

However if you are indirectly suggesting that oil is just part of the economy that needs to be reigned in with current policies, I agree.

 

2.  None of those policies affect the current or near-term price of oil.  None of them change the significant financial incentive to greatly increase production with existing approved oil fields.   That's not happening because the oil industry sees little future in oil so it prefers to make money with what is available now.

 

3.  To address the problem now we need to conserve fuel and continue the transition to renewable energy.  That is the long term solution, and the solution that won't cause irreversible damage to the planet and flood out every coastal property from Bangkok to Mar a Lago.

 

4.  If you really believed that you wouldn't bother to post your opinions.

11 minutes ago, nauseus said:

So?

 

So you were "talking about" (posting about) the solution.

On 7/1/2022 at 2:52 PM, EVENKEEL said:

Please, again no evidence. The thought of Trump lunging and attacking secret service is comical.

'Comical?'  OK but let's be honest, this highly unethical selfish proven irrespoonsibe liar is capable of anything (repeat anything)! 

11 minutes ago, nauseus said:

So?

 

So you were "talking about" (posting about) the solution.

11 hours ago, nauseus said:

They sure are boi. They're Republican!  ????

They sure are, boy boi.

Steve Bannon, a longtime ally of former President Donald Trump was convicted Friday of contempt charges for defying a congressional subpoena from the House committee investigating the Jan. 6 insurrection at the U.S. Capitol.

Bannon was found guilty after a trial that lasted around five days in federal court in Washington on two counts: one for refusing to appear for a deposition and the other for refusing to provide documents in response to the committee’s subpoena.

He faces up to two years in a federal lockup when he’s sentenced.

 

https://apnews.com/article/capitol-siege-steve-bannon-donald-trump-congress-government-and-politics-26c539434d968d642563b38c34a62916

FBI charges Tennessee man who attended insurrection with shooting at Knoxville federal building

 

He is accused of damaging three windows at the federal building — two in the lobby and one in the IRS office — in what the complaint describes as a drive-by shooting.

Reno, records show, was already the target of an undercover federal probe, though the reasons aren’t clear, when the shooting occurred. A tracking device had been surreptitiously placed on his vehicle prior to the shooting and, according to the FBI warrant, confirmed Reno’s vehicle circling the federal building at the time of the shooting.

 

https://www.rawstory.com/fbi-charges-tennessee-man-who-attended-insurrection-with-shooting-at-knoxville-federal-building/